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Well, these days--no, there haven't been any crooks that I
know of. That I know of! [laughter].
But I mean, have some advisory firms performed much better than
I guess the answer is that we don't think the advisory
firms performed well because we practically have given up on advisory
You mean, with forming the management corp.
No, at the beginning, as I said, we had the management
corporation, and we had four or five outside advisors investing 25 or
50 million dollars each for us. The answer is: we don't have them
We started, we got into this financial conversation, because you
started off by talking about what where some of the key problems that
you've had to deal with through the years, and of course, this was
the co-generation plant. What were some of the other problems?
Well, we were strapped, financially, really, in the 1970s,
as were all universities. And we had to do two things. One,
increase tuition, enormously. And two, really live off the backs of
academe. And the academics real income probably dropped 15 to 20%
during the seventies. And with all this inflation, we had to
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